New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-16
THE MONEY MARKET.
SUNDAY, May 15-P. N.

Tho Irn,ted States Treasury last week received from
customs s4,2s2, 1857, and from internal revenue
40 400 Oee; total from both, S7.slo,o43, against
Ga 172 435 for preceding week The Ireasurys net
cash during the week were Increased
against loss for the preceding week OF S6O244l2 me
nortcuar changes OF the week gains OF S43O3S3
gold made up by accumulation OF $ll26s3 bullion
plus reduction OF 1917 the amounto Of outstanding
certificates; S4s1 ,203 legal tenders. made up by an
accumulation of 1881. 203 notes. plus reduction OF
100000 in the amount OF outstanding certihcates;
$1,O35,215 silver, made up by an accumulation
OF Sl,2s6111 bullion, less an issue OF
$3.50. s96 certificates. The deposits in National
hanks also increased Ss43 $685. there accumu
lation of s2O3 "a Of National bank notes. The actual
amount the increase of balances In the Treasurys
vaults was s2,15O,565; deducting from that sum
$500 900 cash paid for silver bullion and for redemption
Of trade dollars 020 the amount of money actually
taken from general circulation was only $l.225.545
The net balan yesterday $303O042 less than
the balances OF Aprl30
suboned the results Of Saturdays satewcnt as COM
May 2, 1887 May IA, 1887. Differences.
Gold coin and bull,
r res .'...'. ssOoll72s sso442,ll1 Inc s49o3s3
ii n gTss 2o4oes2o 90 ss7.52s Inc. 4sl2o3
Nat bank notes. 3.0e2,722 3.2664S6 Inc. 203764
De sppoSs Ma. 15.74e434 165ss2Sa Inc s4a,so5
silver dollars and
tdcates .... .7s 2s4o6o t7a3la275 Inc l,o352l5
Totals ..s1975I4 26l 634 Inc s20O4s7O
D seIS to r 1SF l@ Nas
blk notes incld'g
fund FUN ..pi'o...ll2155441 lll.676Gs5 Dec. 47s75e
Netava balance $50 95s 1913 SAC Inc sS47S 1876
pcj SILVER eons 2eso54e5 2eol46lo Inc 1901
Total balance 954 2ss sIi6746465 Inc. sSlo2l77
Includes g. LAS redeemed trade dollars
Includes 65S7.46S redeemed trade dollars
The weeks changes I'm the amount OF Government
with fha Treasurer
account the National banks were as follows: Held for
security Of National eank ens dso"ss
per cents; mt Withdrawals, 500 oOo Held for
posts $4,000 4is per cents and S2s5OOO per cents
ret deposits. $4,000. The net reduction OF National
bank circulation was S67s,429 for the week.
Yesterdays bank statement furnished another mys-
terry explain. All sorts OF erroneous theories were
suggested. The statement shows loss IN specie of
81 900 and gain legal ten ers OF 81 l04.30O Civ
ing net loss In money OF S5S39oo and these figures are
supposed to be the AVERAGE of the week and not the
actual of any one day The favore method OF explain
changes that the loss OF specie was tho re-
tenders reflected receipts from the interior Now
corning the Treasury operations there Is no
that weeks transactions has been. For the week ended
last Friday the subTrrasury took from the banks e1
aoty $s25.314, of which S31l was coin ana S5o4
O29 was currency. Thus the Treasury accumulated In
coin only about oneth OF what the banks lost In specie
We do not attempt to explain the mys cry We only SHOW
that such explanations are erroneous concerning
the statements OF preceding weeks , there s,il
continues anxiety to explain away Their lnc1nsste
Several kind correspondents have endeavoIed to
enghton by explaining that the loss or Sl4ooOOo
cash reported statement OF May T. due the
withdrawal of money for the capital OF the western "a
tOnal Bank and that such money locked up In the
vaults OF that bank Before we wrote week ago We
that the Western National Bank had taken no step
which the OF cent affected the aggregate
loans deposits and cash reported by the bank state
mont The chronicle in its anxiety TO settle The ques-
ton, falls into rather ridiculous error IL says
that number of poor men VINO cannot AFFORD
to pay their taxes and who have been
accustomed back TO buy big blocks OF Govern
inent bonds just before May and sell them as soon
thereafter they could do without losing anything
nv he adOpted
of taking legal tenders OF the bank and cking them
away for brief period IL says Every kind OF Gov
eminent debt is exempt from aXation 80 these dis
trcssed taXpayers make temporary investment In GOV
eminent 0ega tendersl promises 10 pay and when the
personal assessment appears against them on the city
books they are able 10 appear at the ONCE and
TO the extent of these holdings al the time
the assessment laid swear II on" Now matter
money and arc regarded. and subject TO exactly
the alton is other kind OF money And be-
that happens that the calls for the
City and County OF New-iOrK are made up as OF the
second Monday in January this January lOl so
that the purchase of even big block OF Government
bonds just before May would not work reduction In
the taxes OF these poor men. But II has not
been the loss OF money which has made
weLknown facts. II the other items had been con.
sisient the loss Of might be accounted for bY
the estimated Interior movements. which az all
times TO n great little better than guess"s.
The important In the bank statements
the erratic and lnexpcahe changes In loans
and deposits-down one week S5,o00.O00 and another
week up S3.oOO,OOo
following compares tho totals OF vescrdiys statement
with OF the corresponding dates OF 1850 and 1883.
May l6 lss5 Nay 10 81 is $50. May a. iss 81
l leeSie 55Si7s6S sS7477oo 25as5 loo
Deposits. -. 304g7l,sO0 6s220.5O0 37J7l22cO